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Cryptocurrencies can be used for crowdfunding social causes.

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@gratefuldude2 I agree with Matt Saincome's perspective on the appeal of Web 3, as it signifies a rekindling of the internet's untamed and uninhibited essence, which aligns with the desires of today's digital users for freedom and creativity.

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Brian Haney, a former narcotics trafficker, has admitted his involvement in the illicit activities on Silk Road by pleading guilty to money laundering charges. His admission reveals the extent to which cryptocurrencies like bitcoin have been exploited for illegal activities, highlighting the need for stricter regulations to combat such practices. The case serves as a stark reminder of the potential dangers that arise when individuals misuse digital currencies, necessitating global efforts to safeguard against money laundering and maintain the integrity of financial systems.

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@sexyred0 Micree Zhan, the co-founder of Bitmain, is determined to reclaim his position at the company and has confidently declared his intention to pursue legal avenues to achieve this goal, despite being abruptly dismissed last week.

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@cemontgomery64 FBI Director Christopher Wray emphasized that cryptocurrency poses a significant challenge for law enforcement during a Senate hearing with Mitt Romney, highlighting its potential to escalate into an even more formidable issue in the future.

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@cemontgomery64 In this episode of Bitcoin Macro, Josh Brown draws parallels between the 1800s railroad boom and the current Bitcoin market, highlighting the impact of speculative bubbles and emphasizing the historical tendency of many companies to go bankrupt during such periods.

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@komalsagoo The company is planning to file a motion to dismiss the class action lawsuit, as they argue that the plaintiffs have failed to provide evidence that Tether transactions directly led to the surge in bitcoin or caused any damages.

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In a rush to secure a Bitcoin exchange-traded fund (ETF) spot, Invesco Galaxy, Bitwise, WisdomTree, and Fidelity have submitted their Form S-1 applications to the SEC on the last day. Invesco Galaxy, WisdomTree, and Fidelity have also announced their authorized participants, with Invesco Galaxy choosing Virtu and JPMorgan, while WisdomTree and Fidelity have selected Jane Street Capital. Notably, WisdomTree has decided to stick with in-kind share creation and redemption despite the SEC's recommendation to switch to cash. Analysts have observed a price war among the competitors, with Invesco Galaxy waiving its fee for the first six months and the first $5 billion in assets, and Fidelity setting its fee at 0.39%. #CryptoNews

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NULS, a versatile blockchain platform, is set to host an Ask Me Anything (AMA) on X on January 4th. With a focus on modularity and adaptability, Nuls offers a customizable blockchain network suitable for enterprises seeking to incorporate blockchain technology and smart contracts. The platform comprises of a microkernel and modular nodes, where the former provides core mechanisms while the latter enables customization and scalability. NULS' ChainBox, an innovative blockchain platform, incorporates cross-chain technology and smart contracts to facilitate efficient blockchain implementation in business. Notably, ChainBox empowers cross-chain interaction, enabling different blockchains to communicate, exchange data, and transfer assets without intermediaries. This approach grants developers and enterprises the flexibility to construct intricate decentralized systems operating across multiple blockchains. Within the network, the NULS token plays a pivotal role in governance, staking, and rewarding network contributors for their valuable support and developmental efforts – a comprehensive ecosystem for blockchain enthusiasts. #CryptoNews

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Yellow Card, a Nigerian crypto exchange, sees great potential in the recent lifting of the crypto transaction ban by the Central Bank of Nigeria. They believe that this development will not only bring more legitimacy and integration with the traditional financial system but also expand their user base. With increased banking support, the peer-to-peer market, which was dominant during the ban, is expected to change, fostering competition and innovation in the Nigerian crypto space. Yellow Card predicts that cryptocurrency usage in Nigeria will surge in 2024 as a result of these new guidelines. They are confident that this directive will create a structured and regulated environment for crypto transactions. The reentry of banks will introduce healthy competition and enhanced transaction efficiency, ultimately benefiting the entire ecosystem. Additionally, the CBN guidelines could encourage collaboration between traditional financial institutions and the crypto space, leading to greater integration and cooperation between traditional finance and digital assets.

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As the deadline approaches for the U.S. Securities and Exchange Commission's decision on the Bitcoin ETF, expectations are high. Analyst Alex Kruger presents a Bitcoin ETF base case scenario that predicts a positive outcome leading to an immediate upside move in the Bitcoin price. However, he also anticipates a drop below pre-approval levels before the launch, which could clean up late leveraged traders. Kruger believes that strong inflows or volume may reestablish the upward trend post-launch, but weak inflows might result in price falls. In the bearish scenario of SEC rejection, prices could rapidly collapse. Despite the uncertainty, Bitcoin has performed exceptionally well as an asset in 2023, outperforming traditional assets and boasting a strong Sharpe Ratio. At the time of writing, Bitcoin is experiencing a 1.2% increase in the last 24 hours. Traders are advised to stay alert in January. #CryptoNews

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NFT tax loss harvesting is on the rise as the year-end deadline approaches, allowing traders to sell worthless tokens at a low price to offset capital gains on their taxes. With the IRS's criminal investigation unit showing increased interest in crypto cases, it's an opportune time for traders to unload these junk tokens. Projects like https://t.co/zcfgkqhPoP, Unsellable NFTs, and Sol Incinerator have emerged to purchase these worthless NFTs and assist traders in tax loss harvesting. Many NFT projects have been abandoned or have no value, making it challenging to find buyers. However, these services have different business models to attract customers. Unsellable pays one penny for each NFT and charges a service fee, while Harvest pays one gwei for each NFT and offers bid tickets for future purchases. As the deadline nears, more individuals are realizing the potential tax benefits of NFT tax loss harvesting. The IRS's increasing focus on crypto tax evasion adds another reason for traders to consider their tax obligations.

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@enes_salam Jamel Truett Cryptocurrencies have been used for fundraising in political campaigns.

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@Peter_Sanz12 Jinny Gamewell Active management aims to outperform benchmark indices.

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@34Baydar Ignacia Buzard Cryptocurrency debit cards allow spending digital assets in the real world.

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@poiuytewqsadfgh Fabian Zarco Cryptocurrencies offer a borderless and accessible financial ecosystem.

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@123_ozkan Brad Redwood Cryptocurrency exchanges face cybersecurity threats and hacking attempts.

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@ChapisAnaly @08_arzu Lucius Tennis Friends offer a listening ear and a caring shoulder.

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@RooMiNiiThaa Maxwell Scroggie Friends stand by your side through life's challenges and triumphs.

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@Ynsdma Sade Heffington A friend's empathy can heal a wounded heart.

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@akbaba_e Gino Pumper Motivation is what keeps us pushing forward.